Taxpayers Embrace Split Payment: Nearly 49 Million Transactions in Six Months

• Taxpayers are increasingly interested in split payments, with nearly 49 million transactions in six months
• The Ministry of Finance reported a 5% year-on-year increase in split payment transactions
• Experts attribute the growth to taxpayers wanting to feel safer in potential future dealings with tax authorities
• Changes in regulations, such as those from July 1st last year, have also contributed to the increase in split payment transactions
• The number of split payment transactions in the first half of 2024 was 48,718,286, a 4.9% increase from the same period in 2023
• The increase in transactions may be related to the expanded use of VAT funds and taxpayers’ desire to ensure due diligence
• The growth in split payment transactions is not surprising to tax advisors, as the payment system is already common among VAT taxpayers
• Several significant changes in regulations regarding split payments took place in 2023

Source: ksiegowosc.infor.pl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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